KBRA Releases Report “Texas Education Spending: Big Changes Coming?”

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases a report on Texas public school
aid funding, Texas Education Spending: Big Changes Coming? Despite
rising enrollment, education funding growth at the state level has
lagged overall increases in state spending. Local school districts are
making up the difference through property taxes. With the Texas economy
strong and revenues growing, KBRA identifies key factors that are
driving potential changes to K-12 funding currently under consideration
by state legislators.

KBRA is a full service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus, is recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider, and
is a certified Credit Rating Agency (CRA) by the European Securities and
Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is
registered with ESMA as a CRA.